Global factory activity showed signs of improvement last month, with a better performance by key Asian exporters and increase in output in the eurozone, βprivate surveys showed on Monday, suggesting the βhit from higher U.S. tariffs may have run its course for now.
The HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 49.5 in January from December's nine-month low of 48.8, βwhile output ticked up to 50.5 from 48.9 in December, marking a three-month high.
Manufacturing βactivity growth in export pow
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